Gold •66 days | 2,368.70 | +35.30 | +1.51% | |
Platinum •10 mins | 918.70 | -11.60 | -1.25% | |
WTI Crude •1 day | 67.67 | -1.48 | -2.14% | |
Gasoline •1 day | 1.896 | -0.030 | -1.55% | |
Ethanol •66 days | 2.161 | +0.000 | +0.00% | |
Silver •66 days | 30.82 | +1.16 | +3.92% |
Silver • 66 days | 30.82 | +1.16 | +3.92% | ||
Copper • 66 days | 4.530 | +0.111 | +2.51% | ||
Brent Crude • 1 day | 71.06 | -1.63 | -2.24% | ||
Natural Gas • 1 day | 2.275 | +0.021 | +0.93% | ||
Heating Oil • 1 day | 2.115 | -0.054 | -2.49% |
Contributor since: 19 Oct 2011
Michael Pento produces the weekly podcast "The Mid-week Reality Check", is the President and Founder of Pento Portfolio Strategies and Author of the book "The Coming Bond Market Collapse."
Most investors and market pundits continue to misdiagnose the reason behind the worldwide economic malaise. The underlying problem isn't "uncertainty" or any other platitudes Wall…
We now live in a world where deflation has become public enemy number one. In this current economic environment, governments seek a condition of perpetual…
The prevailing view amongst Keynesians is that the austerity measures being taken in Europe to prevent a complete currency and bond market collapse is the…
Two lovers of the notion that inflation can cure everything that ails an economy recently squared off in a battle over who adores counterfeiting the…
I would have thought that the decoupling myth between global economies would have been completely discredited after the events of this past credit crisis unfolded.…
The three primary factors that determine the interest rate level a nation must pay to service its debt in the long term are; the currency,…
The prevailing notion among the main stream media and economists is that interest rates are rising because of improving economic growth. But like many of…
Please don't believe the hype that the American economy is healing. While it is true that some data is showing improvement, the true fundamentals of…
Back in early 2011, I was one of the few economists to warn that global GDP growth would slow dramatically in the near future and…
Everything I've been warning about regarding the fallout from global central bankers' love affair with inflation is coming to fruition. Consumers are once again dealing…
It is a sad situation when everything the man in charge of our central bank professes to understand about inflation is wrong. Mr. Bernanke does…
Wall Street is extolling the virtues of our rising U.S. trade deficit as a sure sign the economy is well on the road to a…
They always tell you no one rings a bell when a market top or bottom is reached. But a bell is now ringing for the…
If you ask most investors what is the main driver for the price of gold they are likely you tell you that it's the direction…
The Fed is becoming more concerned about the sustainability of the U.S. recovery, just as the economy looks to be gaining momentum. The unemployment rate…
Standard and Poor's has been greatly vilified for their call to lower the U.S. credit rating to AA+ from AAA. The evidence, naysayers point to,…
The original parameters used to construct the European Monetary Union were set up by the Maastricht Treaty of 1992. The Treaty on European Union contained…
The latest round of optimism on display late last week from Wall Street was based upon the supposed resolution--once again--of all Europe's problems. However, the…
Greece has supposedly received a bailout and markets across the globe are soaring. In fact, they are rising in the same manner they did a…
We are all aware that the Fed has a dual mandate of stable prices and maximum employment. But what may come as a surprise to…